Updated Oct 28, 2024
Barone Management Leases Development Site In Williamsbridge For $208/bsf On 99-year Terms
801 Bartholdi Street, The Bronx, New York 10467, United States
Building Size
50,365 SF
Asset Type
Development Site
Closing
Aug 14, 2022
About this deal
AI
A 99-year lease agreement was recently signed for a development site located at 801 Bartholdi Street in Williamsbridge. The property spans a total of 50,365 square feet and is owned by Peter Cascino. The tenant, Barone Management, represented by Scott Barone, will occupy the site.
Summary of transaction details
- Property Type: Development Site
- Transaction Amount: Not specified
- Address: 801 Bartholdi Street
- Market: Williamsbridge
- Landlord: Peter Cascino
- Tenant: Barone Management - Scott Barone
- Asking Rent: $208 per square foot (bsf)
- Lease Terms: 99 years
Scott Barone, representing Barone Management, played a crucial role in finalizing the lease agreement for the development site at 801 Bartholdi Street. The agreement includes an asking rent of $208 per square foot (bsf) and a lease term of 99 years.
Players
New York Development Site Market Snapshot
Boundary boundary · Development Site · Lease transactions
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Deal FAQ
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93